WBX - Wallbox N.V. Stock Analysis | Stock Taper
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Wallbox N.V.

WBX

Wallbox N.V. NYSE
$3.21 2.56% (+0.08)

Market Cap $33.69 M
52w High $7.83
52w Low $0.23
P/E -0.29
Volume 5.92K
Outstanding Shares 10.49M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $38.31M $33.29M $-16.07M -41.95% $-0.08 $-16.69M
Q1-2025 $37.07M $33.46M $-18.14M -48.92% $-0.07 $-17.18M
Q4-2024 $36.04M $51.89M $-45.39M -125.95% $-0.17 $-26.95M
Q3-2024 $36.58M $52.66M $-46.07M -125.95% $-0.21 $-27.35M
Q2-2024 $48.75M $44.27M $-27.76M -56.94% $-0.16 $-19.58M

What's going well?

Revenue is growing steadily, and the company is doing a better job controlling costs. Losses are shrinking quarter over quarter, showing some progress toward profitability.

What's concerning?

The company is still losing money at both the operating and net level, and interest expenses are rising. Without a big jump in sales or further cost cuts, profitability remains out of reach.

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $32.22M $316.49M $280.35M $35.27M
Q1-2025 $49.7M $0 $-67.7M $67.7M
Q4-2024 $45.94M $353.07M $290.49M $64.8M
Q3-2024 $51.15M $393.13M $-108.67M $108.67M
Q2-2024 $70.25M $429.31M $355.34M $104.53M

What's financially strong about this company?

The company now has a much larger asset base, including significant investments in property and equipment. Some customers are paying upfront, and there is still positive equity.

What are the financial risks or weaknesses?

Debt is very high compared to equity, and a lot of it is due soon. Cash is down sharply, liquidity is tight, and a big chunk of assets is goodwill and intangibles, which could lose value.

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-18.92M $0 $0 $0 $0 $0
Q1-2025 $-19.92M $0 $0 $0 $0 $0
Q4-2024 $-31.71M $-17.58M $-7.15M $0 $0 $-18.61M
Q3-2024 $-40.8M $-18.89M $0 $0 $0 $-20M
Q2-2024 $-31.19M $-9.42M $-13.74M $-1.09M $-22.18M $-12.78M

What's strong about this company's cash flow?

There is a slight improvement in net loss this quarter. Non-cash items almost fully offset the reported losses, suggesting some losses may not be real cash out the door.

What are the cash flow concerns?

The company has no cash, no operating cash flow, and continues to report losses. With no sign of new funding or cash generation, the business is at risk of running out of money.

Revenue by Geography

Region Q3-2022
AUSTRALIA
AUSTRALIA
$0
BELGIUM
BELGIUM
$10.00M
Brazil
Brazil
$0
CANADA
CANADA
$0
Czech Republic Koruny
Czech Republic Koruny
$0
DENMARK
DENMARK
$0
FRANCE
FRANCE
$10.00M
GERMANY
GERMANY
$10.00M
GREECE
GREECE
$0
IRELAND
IRELAND
$0
ISRAEL
ISRAEL
$0
ITALY
ITALY
$10.00M
NETHERLANDS
NETHERLANDS
$10.00M
NEW ZEALAND
NEW ZEALAND
$0
NORWAY
NORWAY
$0
Other Countries
Other Countries
$10.00M
PORTUGAL
PORTUGAL
$0
SPAIN
SPAIN
$20.00M
SWEDEN
SWEDEN
$10.00M
THAILAND
THAILAND
$0
UNITED STATES
UNITED STATES
$20.00M

Q3 2025 Earnings Call Summary

Read Call Summary

5-Year Trend Analysis

A comprehensive look at Wallbox N.V.'s financial evolution and strategic trajectory over the past five years.

+ Strengths

Wallbox combines strong top‑line growth with a differentiated technology and product platform. It has established itself as an innovator in EV charging, particularly in bidirectional home solutions and modular fast‑charging, supported by an integrated software ecosystem and a vertically integrated operational model. Its expanding global footprint and strategic partnerships with automakers and energy players further enhance its market relevance and potential reach.

! Risks

The main concerns are financial. The company is generating sizable operating and net losses, burning significant cash, and carrying growing net debt against weakening liquidity. Balance‑sheet strength has deteriorated, with declining equity and accumulated losses, and key liquidity ratios are now below comfortable levels. At the same time, Wallbox competes in a crowded market with larger, better‑capitalized players, raising execution, pricing, and technology‑adoption risks.

Outlook

Wallbox’s future hinges on its ability to translate technological leadership and robust revenue growth into a sustainable, profitable business model. The secular backdrop for EV charging and smart energy management is favorable, and the company’s innovation pipeline is well aligned with these trends. However, current financial pressures limit room for error. Progress on cost discipline, operating cash flow, and capital structure will be critical indicators of whether Wallbox can move from a promising growth story to a durable, financially resilient player in the EV charging ecosystem.